Small Business Child Care Investment Act

The Small Business Child Care Investment Act would expand eligibility for Small Business Administration loan programs to include nonprofit child care providers. Currently, these loan programs are primarily available to traditional small businesses, but this bill would allow nonprofit organizations that provide child care services to qualify for SBA loans and loan guarantees. This could help nonprofit child care providers obtain financing for operations, expansion, or facility improvements. The bill is currently under consideration in the House Committee on Small Business and has not yet been voted on by the full chamber.